Some bills can’t be changed. For other bills, though, a little legwork can make a big difference in your monthly payment. Your car loan payment is a great example. Refinancing your auto loan can lead to a lower monthly payment, a shorter payment term or both. It depends on various factors, including the value of your vehicle, how much you owe and your credit standing. Here are three common life changes that might mean it’s a good time to refinance your auto loan.
If you’re like most Americans, you probably owe money on multiple loans. Whether it’s credit card debt, a mortgage or a car loan, loan debt is part of your life. And that means you’re looking at hundreds or thousands of dollars in interest over the life of the loan. There’s also the mental load of knowing you’ll be paying on the debt for years to come.
If you’re in the market for a new car, it’s important to get preapproved before you start shopping. The process of getting preapproved can take time, so it’s helpful to plan ahead. The lender will begin by asking for your current income and other personal information. If you have a co-borrower, the lender will need this information about them as well.
When shopping for a new car, your first stop for an auto loan should be your credit union. Though many people start their process on the dealer’s lot, you’ll typically enjoy a lower rate, a simpler loan application process and other benefits by choosing to finance your car with a credit union auto loan. Your credit union is here to help you move ahead financially!
Is your car loan payment weighing you down? If so, then it might be time to refinance. If you’re not sure, here are some circumstances that can make refinancing your auto loan a good idea.
Buying a car is probably not your top priority right now. However, if your car breaks down, your lease is up or your car is totaled in an accident; you may not be able to wait. We know the unexpected happens and we’re here to provide you with helpful tips and resources to guide you through the car buying process safely during the Coronavirus pandemic.
Buying a used car can come with many questions. How much can you afford? Is the car in good shape? How do you finance a used car? Is it better to buy a used car from a private party or a dealership? Here are a few things you should consider when buying a used car.
Congrats—you’re ready to purchase your first real car! The process can be daunting, but we will walk you through it. Follow these nine steps for a stress-free ride.
Some bills can’t be changed. For other bills, though, a little legwork can make a big difference in your monthly payment. Your car payment is a great example. Refinancing your vehicle loan can lead to a lower monthly payment, a shorter payment term or both! It depends on various factors, including the value of your vehicle, how much you owe and your credit standing.
Read on for three common life changes that might mean it’s a good time to refinance your vehicle.
Need a car, but can’t pay cash? You have three choices—borrow from the dealer or manufacturer’s financing company, borrow from a bank or borrow from a credit union. If you qualify, the best way to go is with a credit union. Here’s why.